In attempt to tamp down iPhone 8 sales in South Korea, Samsung to flood market with refurb Galaxy Note 7 units

“In February, Patently Apple posted a report titled “Samsung Backtracks and is Reportedly Planning to Sell Refurbished Note 7 Smartphones in Q3.” Samsung’s President of Mobile Communications, D.J. Koh, announced during a special presentation surrounding the findings of the Note 7 fires by independent sources, that 4.7 million Note 7 smartphones were produced and that 96% of them had been returned to them,” Jack Purcher reports for Patently Apple. “Samsung further noted that they would sell refurbished Note 7s at a later date.”

“At the time the rumors were that Samsung would use the refurbished Note 7’s to excite sales in emerging markets with cheap Note 7s,” Purcher reports. “But… with the iPhone 8 capturing the imagination of global consumers as they delay the purchase of a smartphone this year until they see what innovation Apple could be bringing to market, Samsung has decided that they would sell the refurbished Note 7’s [in the South Korean market] just prior to the release of the iPhone 8 in order to hurt sales of the iPhone 8.”

Read more in the full article here.

MacDailyNews Take: Good luck firing up South Korea with your fire sale, Samsung.

Interns: TTK!

SEE ALSO:
Bixby: Samsung’s Apple’s Siri knockoff delayed again in U.S. as it’s struggling to comprehend English syntax and grammar – June 1, 2017
Apple’s two-year-old iPhone 6s beats Samsung’s Galaxy S8 in speed and memory management shootout – May 26, 2017
Breaking Samsung’s iris scanner that supposedly ‘locks’ the Galaxy S8 is laughably easy – May 23, 2017
Even more problems crop up with Samsung’s Galaxy S8 – May 1, 2017
Samsung Galaxy S8 and Galaxy S8+ users suffer randomly restarting phones – April 29, 2017
Samsung under fire: Galaxy S8 owners angry over ‘red tint’ display problems – April 18, 2017
Now beleaguered Samsung’s Galaxy S7 Edge is reportedly catching fire – October 25, 2016
Samsung refusing to pay for property damage caused by its exploding phones – October 22, 2016
Horror stories from the flight ban of Samsung’s exploding phones – October 17, 2016
Analyst estimates 5-7 million ex-Samsung phone users to switch to Apple iPhone – October 17, 2016
U.S. air passengers who try to take Samsung’s exploding phones onto planes face fines, confiscation, criminal prosecution – October 15, 201
Samsung has no clue why their phones explode, yet they shipped replacements anyway, assuring their customers they were safe – October 14, 2016

[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]

13 Comments

  1. That hurts, because companies typically make their biggest profits in their home markets. So, if Samsung has to sell refurbed Note7s, in their home market, to fend off the competition, then they’ll be making less profit per unit sold. Given how hard it is for foreign mfrs to succeed in Korea, Apple’s success there is really quite amazing. People don’t realize how incredible Apple’s results have been in S Korea and Japan, two incredibly hard markets to break into.

  2. I still wouldn’t let them on a plane, or in my house.
    We’ve been burned before by Samsung’s “no, we really really fixed it this time!” speech.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.